DB&R Marketing Communications

TruAmerica Multifamily Founder and CEO Robert "Bob" Hart has been recognized by the Association of Fundraising Professionals as Los Angeles' ("AFP") Outstanding Philanthropist for 2022.

The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, CA.

Purchased from SpartanNash, the assets are located in Indianapolis, IN; Minot, ND; Newcomerstown, OH; and Lakeland, FL

The Mogharebi Group (TMG), on behalf of a local investor, has brokered the $8.6 million sale of a 44-key Days Inn by Wyndham hotel adjacent to Disneyland in Anaheim, CA. The hotel is located at 1030 W.

The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, CA.

Sonnenblick-Eichner Company, on behalf of Noble House Hotels & Resorts, has arranged $82.425 million of fixed rate first mortgage financing for the Ocean Key Resort & Spa in Key West, FL.

Intercontinental Real Estate Corporation in joint venture with MG Properties has acquired The Lexington Apartments, a 178-unit apartment community in the Southern California community of Agoura Hills for $87.3 million.

Tower 16 Capital Partners has sold Obsidian on Ocotillo Apartments, a 232-unit multifamily project in Glendale, AZ, for $56.4 million. The property was purchased by Tower 16 in April 2021 for $40 million in an off-market transaction.

Mesa West Capital has provided a joint venture of ESG Kullen and Angelo Gordon with $49.24 million in first mortgage debt for the recapitalization of a 219-unit multifamily property in Palm Beach County, FL.

Provender Partners has acquired  from Safeway Fresh Foods, a 217,540-square-foot temperature controlled food production and distribution facility in Vineland, NJ for $22.5 million.